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    <title>Winding Down of Operations of a Recognised Clearing Corporation</title>
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    <description>Recognised clearing corporations must maintain a bye-law-based framework for voluntary and involuntary winding down of critical operations and services. The framework must provide for timely and orderly settlement, cessation, or transfer of positions, and for transfer of members&#039; collateral, deposits, margins, and other assets to a recognised clearing corporation taking over the operations.</description>
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